A little quieter across the cryptosphere this week. Price action has been mostly compressed with BTC trying and repeatedly failing to hold 10K. Market volume has dropped substantially, so expect big moves on thin trade – a tough spot from which to profitably day trade.
You’ve probably had a better week than Justin Sun. Bearish for Tron? In the short-term – certainly. The Warren lunch, always a vanity project has backfired bringing yet more negative attention to crypto. Having said that, nothing new in such coverage. Putting my seer’s cap on – mainstream coverage of crypto is set to veer positive in coming months as large institutions such as Bakkt rollout out crypto-related financial services.
Picks of the Week
The ‘Off the Chain’ podcast discussing the obvious signs of global market strain is a standout this week. In addition, the Q2 crypto report from Coin Gecko is a treasure trove of market data and analysis.
Perhaps looking to politicians for an unbiased perspective on crypto is a tad naïve?:
On what get’s selected to be ‘money’ – a certain animosity to Marxists on display here (recommended):
Mobile mining another piece of the PoW puzzle:
Well, this is one way to look at BTC miners:
Defining an Alt coin:
A skeptic’s position on decentralized finance:
A fine piece if you are feeling a bit defeated by crypto:
Coin Gecko puts out an exceptionally useful quarterly crypto report -distilled here by Bit-Brain:
Maker DAI is perhaps creating new investment models:
Comparing blockchains – BTC bias:
Beware seeking attention – you just might get it – Justin Sun:
Signs aplenty the global economy is due a correction (no real crypto expertise on show here but valuable nonetheless):
Bakkt Bitcoin Futures examined:
If you hold EOS or are interested in DPoS systems this is a must-watch as it’s full of interesting insights -for example, 6 exchanges occupy the top 21 BP positions (highly recommended):
The focus is on Forex but the advice is rock-solid and entirely applicable to trading crypto (highly recommended):
A highly original thinker in the crypto space – discussing the roots of the next possible financial crisis and the probable implications for BTC:
BTC supply is being increasingly hoarded (after a substantial sell-off in 2018):
I learned a lot this week and hopefully, this recap proves worth the investment of your time. As always, looking forward to your comments and suggestions.
Note on Sources:
Twitter & Reddit (cryptos current meta-brains) / Medium / Trybe / Hackernoon / Whaleshares / TIMM and so on/ YouTube / various podcasts and whatever else I stumble upon. The aim is a useful weekly aggregator of ideas rather than news. Though I try to keep the sources current – I’ll reference these articles and podcasts etc. as I encounter them – they may have been published just a couple of days ago or in some cases quite a bit earlier.